Amora digs deep for Adelaide Hilton
Amora Hotels & Resorts has snapped up the Adelaide Hilton, which was listed late last year for the first time in over 30 years.
The 18 level, 377-suite 5-star hotel overlooking Victoria Square, at the south west corner of Grote Street, is costing $110 million, according to source.
Also with a bar, business lounge, conference facilities, gym and restaurant, on 3556 square metres with a tennis court and pool, Hilton Hotels of Australia is on a lease expiring next July.
Amora is expected to move in after that following a c$40m refurbishment.
CBRE’s Michael Simpson, Vasso Zographou, Tom Gibson and Nick Hill brokered the sale of the Hilton Hotel Adelaide, at 233 Victoria Sq, for the private vendors.
Amora builds local portfolio
Amora holds hotels in Australia – including the Jamison Sydney – and Thailand (story continues below).
“We are delighted to welcome the iconic Hilton Adelaide into the Amora Hotels & Resorts portfolio, marking a significant milestone in our expansion strategy,” owner, Earp Siriphatrawan, said.
“This acquisition aligns with our vision of establishing a strong presence in key Australian cities while delivering world-class hospitality experiences,” he added.
“Adelaide, with its vibrant tourism and business landscape, presents an exciting opportunity for growth. This addition will bring immense value to our guests, stakeholders, and the broader Amora community,” according to the executive.
Mr Simpson added “following the recent completion of the $2.3 billion Royal Adelaide Hospital, $500m Australian Bragg Centre and $450m Central Market redevelopment, further notable projects will include government funded innovation districts and defense projects which are expected to further drive corporate and event demand”.
Subscribe to our newsletter at the bottom of this page.
